Press Releases

Today, Congressional Black Caucus Chair Yvette D. Clarke (NY-09) and members of the Congressional Black Caucus issued the following statement:

“Governor Lisa Cook is a highly respected economist who has dedicated her career to dismantling barriers to innovation and economic participation. Since joining the Federal Reserve Board, Dr. Cook has brought invaluable expertise and maintained an independent, principled judgment.

“In the 111-year history of the Federal Reserve, no president has ever attempted to remove a governor of the central bank until now. President Trump is attempting to oust Dr. Lisa Cook — the first Black woman to serve on the Federal Reserve Board — with no credible evidence of wrongdoing. This is a blatant effort to distract from his failure to lower costs for Americans and a transparent attempt to install a loyalist at the central bank who will carry out his agenda without question.

“Let’s be clear: this is a racist, misogynistic, and unlawful attack on the integrity and independence of the Federal Reserve. It is a dangerous attempt to politicize and exert control over the central bank — one that will only continue to damage the economy, harm hardworking Americans, and undermine our credibility on the world stage.

“President Trump does not have the authority to remove Dr. Cook, and she has made clear that she does not intend to step down from the Board. The Congressional Black Caucus applauds Dr. Cook for her fortitude and looks forward to her continued service throughout the remainder of her term.”